General Announcement::Julius Baer to redeem AT1 bonds issued 18 September 2012

Issuer & Securities

Issuer/ Manager
JULIUS BAER GROUP LTD.
Securities
JULIUS BAER S$450M5.9%PERPBOND - XS1322369338 - 37KB
JULIUS BAERS$325M5.75%PERPBOND - XS1502435727 - 60KB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Jan-2018 00:30:38
Status
New
Announcement Sub Title
Julius Baer to redeem AT1 bonds issued 18 September 2012
Announcement Reference
SG180130OTHRN677
Submitted By (Co./ Ind. Name)
Olivier Staehli
Designation
Corporate Communications
Description (Please provide a detailed description of the event in the box below)
Julius Baer has announced it will redeem all of the outstanding perpetual Tier 1 bonds issued on 18 September 2012 at par value on the first call date of 19 March 2018, in accordance with the terms of the bonds. The bonds (ISIN: CH0194437668), with a coupon of 5.375% per annum, were issued by Julius Baer Group Ltd. in the amount of CHF 250 million. The redemption of the low-trigger Additional Tier 1 bonds has been funded by the issue of USD 300 million of high-trigger Additional Tier 1 bonds in September 2017 with a coupon of 4.75%.

Attachments

2018-01-29_JuliusBaer_AT1BondsRedemption_MediaRelease_EN.pdf
Total size =44K